Gary Gordon submits: The biggest news over the weekend had been China’s surprise Christmas-day decision to hike its interest rates. China is looking to slow down price inflation. And, not surprisingly, some of the worst performing Country ETFs on 12/27/2010 were those with heavy exposure to the materials and energy segments.
For example, Columbia, Chile, Brazil and Mexico were among the biggest losers. (Review my recent commentary, “China Decides How High Reflation Trade ETFs Will Climb.”)
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